You are there best, easy to understand and unforgettable thank you keep up there good work, you increased my knowledge.
@TheeLerato3 ай бұрын
FOR those of you who cannot grasp content very quickly. The reason Credit is negative and debit is positive on the general ledger is because it is from your perpesctive. Debit is negative and credit is positive on the Bank Reconciliation statement because it is the bank's perspective. Example- when you deposit R200 into an account, it is positive for you because your asset is increasing but this is a negative for the bank because it means they owe you R200 which is negative for them. Why does the the bank owe you R200- by you depositing the money, you are asking the bank to hold your money, in a way its like you are borrowing them your money hence we say the bamk owes you. I hope this clearified a few thing😊
@leislreid99947 жыл бұрын
Well explained...very good teacher.
@huzismart50248 жыл бұрын
awesome tcher understood everything !
@benmabunda82292 жыл бұрын
well explained from A-Z, you have left no stone unturned.👌
@liudymilaliu23592 жыл бұрын
Better than my teacher ❤️👏🏾👏🏾👏🏾
@geenarosekolbe22054 жыл бұрын
This helped me so much!!! thank you Mindset
@PholileSambo Жыл бұрын
You ate that, I’m smart now😊😊😊😊😊
@thembekilendlangamandla5167 жыл бұрын
wow... thanks..u made the brs a walk in the park for me
@noxolomthiyane25238 жыл бұрын
you're students get straight A's. you have been great help , thank you. 4
@abigailwatters32704 жыл бұрын
Wow! Great work! This helped a lot!
@danielmarais18918 жыл бұрын
Much more in depth explanation and how tos! Thanks allot
@matshidisosekgabi845810 ай бұрын
I was like bro no way 1hr BUT THEN he went through with such detail and care it was all worth
@TheeLerato3 ай бұрын
4.6 I think we are supposed to credit R510 because in favor of the bank means its from the point of view of the bank- when in favor of the bank, it means this amount is a debit for the bank because it reduces the amount the bank owes you but on the general ledger it is a credit because it is a liability to you
@minyikelohlungwani-he1zk Жыл бұрын
Best video really helped a lot
@naledimagatsela24562 жыл бұрын
Thank you so so much, things are clearer
@hit3sh20063 жыл бұрын
Thank you so much💯
@mogaunkgadime9278 Жыл бұрын
Did u ever balance on the bank reconciliation statement
@mogaunkgadime9278 Жыл бұрын
Hlw have u ever balance on bank reconciliation statement
@amahlenomthandazomaphanga88884 жыл бұрын
God bless you💓
@judevanrensburg51767 жыл бұрын
very well explained but question 4.6 was over looked?
@btube6104 жыл бұрын
why didn't he do the debit order ????? 4.6
@siya17175 жыл бұрын
33:57
@mogaunkgadime9278 Жыл бұрын
Sometimes it challenge me when balancing the out standing deposit and EFT payment
@megannorman1244 жыл бұрын
Great lesson but you missed out the insurance transaction.